Register
An amount of $24,000 is borrowed for 7 years at 8.75% interest, compounded annually. If the loan is paid in full at the end of that period, how m paid back? Use the calculator provided and round your answer
177k views
4 votes
An amount of $24,000 is borrowed for 7 years at 8.75% interest, compounded annually. If the loan is paid in full at the end of that period, how m

paid back?
Use the calculator provided and round your answer to the nearest dollar.

User Vineeth Vijayan
by
6.5k points

1 Answer

6 votes

Answer:

43173

Explanation:

24000(1.0875)^7 = 43173.39

User Jaredwolff
by
6.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.2m questions

9.7m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
Please solve the following equation. x-6x=56
whats the most accurate estimation of 65+77
Find the additive inverse of 18/23
Link Copied!